MR_Y
Well-known member
Refer Bloomberg article...
https://www.bloomberg.com/news/arti...mw-sports-sedan-double-in-value-over-16-years
https://www.bloomberg.com/news/arti...mw-sports-sedan-double-in-value-over-16-years
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Read the WELCOME ALL BMWFANATICS post.
E39 M5 as an investment
- Thread starter MR_Y
- Start date
TurboLlew
Honorary ///Member
Cue everyone with crap wanting 500K... :roflol:
I agree these are very special cars though. I've said many times, it is my favourite BMW. The one Elton was selling in particular, for 250K is a hell of a car. Even the E60 I am tempted to get into. The good cars (like with all communities nowadays I guess) will have to trade hands in a 'known space'. The cars that end up at dealers, abused or even worse: at auction are high risks IMHO.
People are about to wake up to a few such cars very soon (I have some guesses).
On the newer cars, you can count on desperation to get into something new or out of the finance in order to hunt down a deal. With these older cars, it is going to get progressively harder as good owners won't want to sell in a hurry whilst others let the car rot/deteriorate whilst insisting on getting top dollar. Buying one without cash is also going to get harder as times get tougher... If you want to get one, act quickly!
I agree these are very special cars though. I've said many times, it is my favourite BMW. The one Elton was selling in particular, for 250K is a hell of a car. Even the E60 I am tempted to get into. The good cars (like with all communities nowadays I guess) will have to trade hands in a 'known space'. The cars that end up at dealers, abused or even worse: at auction are high risks IMHO.
People are about to wake up to a few such cars very soon (I have some guesses).
On the newer cars, you can count on desperation to get into something new or out of the finance in order to hunt down a deal. With these older cars, it is going to get progressively harder as good owners won't want to sell in a hurry whilst others let the car rot/deteriorate whilst insisting on getting top dollar. Buying one without cash is also going to get harder as times get tougher... If you want to get one, act quickly!
TurboLlew said:
With any older car you have to have be willing to spend to get it right. Whether now or later. Keep in mind that parts don't get cheaper as a car gets older, in fact the opposite is more pronounced with a more exclusive model where there's limited after market options.
IMO, if you can't afford to finance it's original price you probably shouldn't be buying it used at R200k because you will likely spend another R400k in the next 4 years of ownership, unless you do all the work yourself. But even then you need to willing to spend that R200k in parts or time chasing after used parts to keep it as good as you found it.
Clownshoe
Active member
Actually I beg to differ on maintenance costs, they are relatively manageable.
Recently replaced the radiator at R4667.
My old lady has 202K on her and smokes a little bit under hard acceleration. Will still manage 300km/h indicated and feels as solid as a rock.
Just to say I think the E39 M5 is the best car ever produced. I drive a lot of cars and just the level of comfort, power (and perfect delivery of), sound, feel is just hands down better than anything else I have experienced. And all this from a car that is almost old enough to drink.
Oh ja. Drinking is its only downfall but you really don't care.
As for becoming a $ millionaire on an e39 barn find... I think we are a very long way off that:roflol: But buying one now at the bottom of their depreciation cycle will mean you will at the very least break even when you sell if you look after it... and that pays for a lot of petrol!!
Recently replaced the radiator at R4667.
My old lady has 202K on her and smokes a little bit under hard acceleration. Will still manage 300km/h indicated and feels as solid as a rock.
Just to say I think the E39 M5 is the best car ever produced. I drive a lot of cars and just the level of comfort, power (and perfect delivery of), sound, feel is just hands down better than anything else I have experienced. And all this from a car that is almost old enough to drink.
Oh ja. Drinking is its only downfall but you really don't care.
As for becoming a $ millionaire on an e39 barn find... I think we are a very long way off that:roflol: But buying one now at the bottom of their depreciation cycle will mean you will at the very least break even when you sell if you look after it... and that pays for a lot of petrol!!
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